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How will this pilot project be financed?

There are four components to Maine Aqua Ventus’ financial plan. First, the current partners are making investments in the project. Second, the Department of Energy (DOE) can grant the project up to $46.6 million starting in 2014. Third, the Maine Public Utilities Commission (MPUC) can provide a contract to purchase power. Fourth, private sector investment will provide the remainder of project financing.